Between 2008 and 2022, Brazil's purchasing power parity has increased continuously. In 2008, the PPP was approximately 1.22 NCU per U.S. dollars, whereas in 2022 it reached 2.58 NCU. In the latter year, Brasília, the capital of Brazil, was the fourth city in Latin America and the Caribbean with the highest local purchasing power.
Purchasing power parity indicates the number of units in the national currency (NCU) needed to buy the same amount of goods and services in a given country compared to those needed in the United States. This conversion aims to equalize the purchasing power among countries, by eliminating the differences in prices.
Purchasing power parity (PPP) in Brazil from 2008 to 2023
(NCU per U.S. dollar)
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OECD. (January 11, 2024). Purchasing power parity (PPP) in Brazil from 2008 to 2023 (NCU per U.S. dollar) [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/1331180/purchasing-power-parity-in-brazil/
OECD. "Purchasing power parity (PPP) in Brazil from 2008 to 2023 (NCU per U.S. dollar)." Chart. January 11, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/1331180/purchasing-power-parity-in-brazil/
OECD. (2024). Purchasing power parity (PPP) in Brazil from 2008 to 2023 (NCU per U.S. dollar). Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/1331180/purchasing-power-parity-in-brazil/
OECD. "Purchasing Power Parity (Ppp) in Brazil from 2008 to 2023 (Ncu per U.S. Dollar)." Statista, Statista Inc., 11 Jan 2024, https://www.statista.com/statistics/1331180/purchasing-power-parity-in-brazil/
OECD, Purchasing power parity (PPP) in Brazil from 2008 to 2023 (NCU per U.S. dollar) Statista, https://www.statista.com/statistics/1331180/purchasing-power-parity-in-brazil/ (last visited November 26, 2024)
Purchasing power parity (PPP) in Brazil from 2008 to 2023 (NCU per U.S. dollar) [Graph], OECD, January 11, 2024. [Online]. Available: https://www.statista.com/statistics/1331180/purchasing-power-parity-in-brazil/
